HMRC issues new advisory fuel rates for company cars
HM Revenue & Customs has published new advisory fuel rates for reimbursing drivers for business travel in company cars.
Companies reimburse their employees for fuel used on business in company cars and the HM Revenue & Customs (HMRC) provides Advisory Fuel Rates that are aimed to save time for both employers and the Revenue by setting out figures that can be used in the majority of cases. The rates are intended to reflect actual average fuel costs at the time they are set.
Want to know more?
Title: Company cars - advisory fuel rates from 1 December 2010, HM Revenue & Customs.
Availability: Visit the HMRC web site at www.hmrc.gov.uk/cars/advisory_fuel_current.htm.